Can I retire at age 66 with 784,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$64,742$64,165$63,603$63,053$62,517$61,255
2 years$32,050$31,454$30,875$30,314$29,770$28,504
3 years$21,155$20,555$19,978$19,423$18,887$17,657
4 years$15,708$15,110$14,539$13,993$13,471$12,285
5 years$12,441$11,847$11,283$10,748$10,240$9,103
6 years$10,263$9,674$9,118$8,595$8,103$7,015
7 years$8,709$8,124$7,577$7,067$6,590$5,552
8 years$7,543$6,964$6,426$5,928$5,467$4,479
9 years$6,637$6,063$5,535$5,049$4,604$3,665
10 years$5,913$5,344$4,825$4,353$3,923$3,032
11 years$5,320$4,758$4,248$3,788$3,374$2,530
12 years$4,827$4,270$3,770$3,323$2,924$2,125
13 years$4,410$3,859$3,368$2,933$2,549$1,795
14 years$4,053$3,508$3,027$2,604$2,235$1,524
15 years$3,744$3,204$2,733$2,322$1,968$1,298
16 years$3,473$2,940$2,477$2,079$1,739$1,109
17 years$3,235$2,708$2,254$1,868$1,542$950
18 years$3,024$2,502$2,058$1,684$1,371$816
19 years$2,835$2,319$1,884$1,521$1,222$702
20 years$2,665$2,155$1,729$1,378$1,092$605
21 years$2,511$2,007$1,590$1,250$977$522
22 years$2,372$1,874$1,466$1,137$876$451
23 years$2,244$1,752$1,353$1,035$786$390
24 years$2,128$1,642$1,252$944$706$338
25 years$2,021$1,541$1,159$862$636$292
26 years$1,923$1,448$1,075$789$573$253
27 years$1,832$1,363$998$722$516$220
28 years$1,747$1,284$928$661$466$191
29 years$1,669$1,211$864$606$421$166
30 years$1,596$1,144$805$557$380$144
31 years$1,528$1,082$750$511$344$125
32 years$1,464$1,023$700$470$311$108
33 years$1,404$969$653$432$281$94
34 years$1,348$919$610$397$255$82
35 years$1,295$871$571$366$231$71
36 years$1,245$827$534$337$209$62
37 years$1,198$785$500$311$189$54
38 years$1,154$746$468$286$172$47
39 years$1,112$710$438$264$156$41
40 years$1,072$675$411$243$141$35
41 years$1,034$643$385$225$128$31
42 years$998$612$361$207$116$27
43 years$964$583$339$191$106$23
44 years$932$556$318$177$96$20
45 years$901$530$299$163$87$18
46 years$871$506$281$151$79$15
47 years$843$483$264$139$72$13
48 years$816$461$248$129$65$12
49 years$790$440$233$119$59$10
50 years$765$420$219$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $784,000, adding $3,041 every year, while hoping to spend $32,947 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/36/19 Blend
65$784,000$784,000$784,000$784,000
66$867,105$825,553$813,401$901,263
67$920,494$830,950$805,594$930,914
68$978,225$835,506$796,422$959,540
69$1,040,705$839,148$785,804$989,893
70$1,108,384$841,792$773,655$1,022,150
71$1,181,753$843,355$759,887$1,056,505
72$1,261,357$843,744$744,407$1,093,175
73$1,347,790$842,862$727,120$1,132,400
74$1,441,710$840,607$707,923$1,174,447
75$1,543,837$836,870$686,712$1,219,611
76$1,654,966$831,534$663,374$1,268,221
77$1,775,970$824,477$637,795$1,320,642
78$1,907,811$815,569$609,853$1,377,276
79$2,051,547$804,671$579,423$1,438,572
80$2,208,342$791,636$546,370$1,505,026
81$2,379,477$776,311$510,558$1,577,187
82$2,566,363$758,530$471,841$1,655,666
83$2,770,554$738,119$430,069$1,741,136
84$2,993,758$714,894$385,084$1,834,346
85$3,237,858$688,661$336,721$1,936,122
86$3,504,926$659,212$284,808$2,047,381
87$3,797,245$626,330$229,165$2,169,137
88$4,117,327$589,783$169,605$2,302,513
89$4,467,939$549,327$105,932$2,448,749
90$4,852,129$504,705$37,941$2,609,219
91$5,273,253$455,642$0$2,785,443
92$5,735,007$401,851$0$2,986,119
93$6,241,463$343,026$0$3,214,753
94$6,797,104$278,846$0$3,465,745
95$7,406,868$208,970$0$3,741,417
96$8,076,198$133,038$0$4,044,330
97$8,811,084$50,671$0$4,377,312
98$9,618,129$0$0$4,743,485
99$10,504,605$0$0$5,161,559
100$11,478,522$0$0$5,643,023